June Update
The Phoenix IDA recently closed two lease revenue bonds for the Phoenix-based nonprofit Goodwill of Central and Northern Arizona and its affiliates. The $6.4 million refinanced Goodwill’s Excel Center, located at 4837 E. McDowell Road …
May Update
The Phoenix IDA and Phoenix Community Development & Investment Corporation (PCDIC) are pleased to share 2023 highlights in the areas of public finance, community investments, homebuyer assistance and special projects. …
April Update
The Phoenix Community Development & Investment Corporation (PCDIC), which is administered by the Phoenix IDA, recently deployed a $15 million New Markets Tax Credit (NMTC) allocation in support of the …
March Update
Phoenix Community Development & Investment Corp. (PCDIC) recently deployed $13 million in New Markets Tax Credit (NMTC) allocation to Child Crisis Arizona, a Mesa, Ariz.-based nonprofit focused on preventing child …
February Update
Home in Five Advantage recently hit a big milestone by providing down payment and closing cost assistance to 25,000 Arizona residents. Launched in 2012 via a partnership between the Phoenix …
January Update
Colin Tetreault, senior manager for Ernst & Young’s Climate Change and Sustainability Services division, was recently appointed to the Phoenix IDA board of directors. Tetreault is an accomplished sustainability business, …
November Update 2023
The Phoenix IDA recently provided $30 million in bond funding for Residences at Falcon Park, a 192-unit multifamily residential rental housing complex to be constructed on 5.26 acres near 34th …
October Update 2023
PCDIC was recently awarded a $60 million New Markets Tax Credit (NMTC) allocation from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund (CDFI Fund) to spur investment …
September Update 2023
The Phoenix IDA recently provided $18.4 million in Multifamily Housing Revenue Bonds in support of Bret Tarver Terrace, a 96-unit affordable housing project that will be constructed on 3.42 acres on …
August Update 2023
“Over the past three years, PCDIC has been awarded a total of $135 million in NMTC allocations that go back into our community in areas that need it the most. …